December 2020

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New things taxpayers should consider as they get ready to file taxes in 2021 When people <a href=”https://www.irs.gov/individuals/steps-to-take-now-to-get-a-jump-on-next-years-taxes”>get ready</a> to file their federal tax return there are new things to consider when it comes to which credits to claim and what deductions to take. These things can affect the size of any refund the taxpayer may receive.

A new round of economic relief was signed into law today. Here’s what you need to know: A second round of stimulus checks is coming — up to $600 for individuals, $1,200 for joint taxpayers &amp; an additional $600 for each qualifying child Unemployment benefits will be increased by $300/week, and the benefits will be

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The filing deadline for paying 2020 estimated taxes is January 15, 2021. <p>The filing deadline for paying 2020 estimated taxes is January 15, 2021. You can pay with:</p><ul><li>A bank account</li><li>A credit or debit card</li><li>A check or money order</li><li>Cash</li></ul><p><a href=”https://go.usa.gov/xGTnE?fbclid=IwAR19LVgYHjmWsZmgISsbjUMKwqKnfgCBEgzKS0SoQZEuBzhamApP0dNcK4U”>https://go.usa.gov/xGTnE</a></p&gt;

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IRS will soon conceal sensitive data on business tax transcripts Business tax transcripts will soon look a little different. Beginning December 13, the IRS will conceal some information on business tax transcripts to better protect people from possible identity theft. A transcript is basically a summary of a tax return. Tax pros use transcripts to